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The tax rate will never be high enough for the California Government. It is so mismanaged the only plausible solution is a default on its endless obligations.

The tax rate will never be high enough for the California Government. It is so mismanaged the only plausible solution is a default on its endless obligations. California should eliminate its income tax through ballot initiative. Moving it, from the highest in the nation to zero. Thats right. Zero. Can you imagine how awesome California would become with no income tax? Everyone would instantly get a 10% raise. The quality of everything would go up and the cost of everything would go down. Standards of living would instantly go up. Other states provide a much higher standard of living with zero tax. California can do it too.

ashconnor 6y ago
Other states raise revenue by other means. Look at Texas property taxes. Also Oregon Income Taxes are about 3.5% different than California. Is it really that different?
chance_state 6y ago
"Cut taxes and everything will magically get better." Can't believe people still buy this bullshit.
- dang 6y ago
  Could you please stop posting unsubstantive and/or flamebait comments? You've unfortunately been doing it a lot lately and we're trying for something different here. We've had to ask you several times already, and when accounts keep ignoring these requests eventually we have to ban them. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
asdff 6y ago
CA needs income tax because the property tax situation has hobbled the government for the past five decades. AS mismanaged it may be, Newsom did inherit a budget surplus and if it weren't for the pandemic things would be relatively stable.
- Gibbon1 6y ago
  I was 16 when Prop 13 passed. I thought adults who thought Prop 13 would force the government to stop wasteful spending were idiots. I predicted that the result would be governments and agencies nickel and diming to make up for shortfalls in property taxes. Worse thing was low property taxes would drive up real estate prices and make housing more unaffordable not less. 40 years on I was right.
- justinzollars 6y ago
  > CA needs income tax because the property tax situation has hobbled the government for the past five decades. How do you explain a state like Florida? Property taxes: 2.74% Incomes taxes: 0% Sales and excise taxes: 3.82%

ashconnor 6y ago

Other states raise revenue by other means. Look at Texas property taxes. Also Oregon Income Taxes are about 3.5% different than California. Is it really that different?

chance_state 6y ago

"Cut taxes and everything will magically get better." Can't believe people still buy this bullshit.

dang 6y ago
Could you please stop posting unsubstantive and/or flamebait comments? You've unfortunately been doing it a lot lately and we're trying for something different here. We've had to ask you several times already, and when accounts keep ignoring these requests eventually we have to ban them. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html

asdff 6y ago

CA needs income tax because the property tax situation has hobbled the government for the past five decades. AS mismanaged it may be, Newsom did inherit a budget surplus and if it weren't for the pandemic things would be relatively stable.

Gibbon1 6y ago
I was 16 when Prop 13 passed. I thought adults who thought Prop 13 would force the government to stop wasteful spending were idiots. I predicted that the result would be governments and agencies nickel and diming to make up for shortfalls in property taxes. Worse thing was low property taxes would drive up real estate prices and make housing more unaffordable not less. 40 years on I was right.
justinzollars 6y ago
> CA needs income tax because the property tax situation has hobbled the government for the past five decades. How do you explain a state like Florida? Property taxes: 2.74% Incomes taxes: 0% Sales and excise taxes: 3.82%